Disposable products developer Merit Medical Systems posted increased revenue for its first quarter of 2018 (end-March 31), but net income fell.
The company's sales were $203 million for the quarter, an increase of 18.7% over $171.1 million for the same period in 2017. But its net income was $5.3 million, down 64% from $14.8 million in the same period last year, the company said.
